Tag: Ministry of Panchayati Raj

National

₹137 Crore Released to Strengthen Rural Local Bodies in Goa, Meghalaya, Sikkim, Uttarakhand

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Written by Intern Rency Gomes || Team Allycaral 

New Delhi, February 20: The Government of India has released over ₹137 crore under the 15th Finance Commission Grants to bolster Rural Local Bodies (RLBs) in Goa, Meghalaya, Sikkim and Uttarakhand during the current financial year.


According to the Ministry of Panchayati Raj, the funds include allocations pertaining to different financial years and are aimed at strengthening rural local governance across the four states.

Out of the total amount, ₹11.60 crore has been released as the second instalment of Untied Grants for 2023–24 for Goa. Meghalaya has received ₹27 crore as the second instalment of Untied Grants for 2021–22.

Sikkim has been allocated ₹6.60 crore as the second instalment of Untied Grants for 2025–26, while Uttarakhand has received ₹89.41 crore as the first instalment of Untied Grants for 2025–26.

The Untied Grants will be utilised by Rural Local Bodies and Panchayati Raj Institutions to address location-specific needs under the 29 subjects listed in the Eleventh Schedule of the Constitution. However, the funds cannot be used for salaries or other establishment-related expenses.

The release is part of the Centre’s continued efforts to empower grassroots governance and enhance the functioning of Panchayati Raj Institutions across states.

Business

MSMEs Backbone of Economy, Key to Viksit Bharat: CMD IREDA at 22nd Stakeholders’ Meet

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Written by Intern Rency Gomes || Team Allycaral 

New Delhi, February 23, 2026: Indian Renewable Energy Development Agency Ltd. (IREDA) organised its 22nd Stakeholders’ Interaction Meet at the India International Centre, New Delhi, under the chairmanship of  Pradip Kumar Das, Chairman & Managing Director. The event saw participation from nearly 100 borrowers and business partners representing various segments of the renewable energy value chain.


The meeting commenced with a detailed presentation outlining IREDA’s recent achievements, financial performance, major initiatives and an Action Taken Report addressing issues raised during the previous interaction. Stakeholders engaged with the management on sector-specific concerns, policy developments and financing norms.

Addressing the gathering, Das stressed the importance of maintaining strong asset quality and adhering to the highest standards of corporate governance to ensure IREDA’s long-term sustainability. On queries regarding interest rates, he explained that the organisation focuses on mobilising funds from the lowest possible cost sources and passing on the benefits to renewable energy developers. He noted that this approach aligns with RBI and other regulatory guidelines while supporting accelerated growth in the renewable energy sector in line with the Government of India’s vision.

Highlighting the importance of Micro, Small and Medium Enterprises (MSMEs), Das described them as the backbone of the economy and essential contributors to the Viksit Bharat vision by 2047. He added that MSMEs must uphold strong and qualitative corporate governance standards to enable lenders to extend financing at competitive rates.

The CMD further informed stakeholders that IREDA has strengthened its manpower across entry-level, middle and senior management positions by recruiting professionals from CPSEs, banks and private organisations, along with Executive Trainees from leading campuses, to enhance leadership capacity and operational efficiency.

The interaction concluded with a vote of thanks delivered by Dr. Bijay Kumar Mohanty, Director (Finance), IREDA.